IPO

Kalahridhaan Trendz Limited IPO

NSE SME

Listed On: Feb 23, 2024 at ₹ 47.15

₹ 270000 /6000 Shares
*Min Investment

Check Allotment

15 Feb, 2024

Open Date

20 Feb, 2024

Close Date

21 Feb, 2024

Allotment Date

23 Feb, 2024

Listing Date
Kalahridhaan Trendz Limited IPO Issue Details
  • Issue Price ₹45 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 49,98,000 shares(aggregating up to ₹22.49 crore)
  • Fresh Share 49,98,000 shares(aggregating up to ₹22.49 crore)
  • Listing at NSE SME
  • List Price 47.15
  • Listing Date 2024-02-23
  • Lead Manager Interactive Financial Services Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)13000₹1,35,000
Retail(max)13000₹1,35,000
NII (min) 26,000₹2,70,000
Kalahridhaan Trendz Limited IPO Reservation

Kalahridhaan Trendz Limited IPO offers total 4,998,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,2,373,000 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered252,000 (5.04%)
Retail Shares Offered2,373,000 (47.48%)
Total Shares Offered4,998,000 (100%)
Kalahridhaan Trendz Limited IPO Documents
DRHP
RHP
Kalahridhaan Trendz Limited IPO Details


Kalahridhaan Trendz Limited IPO is an SME IPO, priced at ₹45 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 49,98,000 equity shares, aggregating up to ₹22.49 crores..

The IPO bidding window is open from Feb 15, 2024 to Feb 20, 2024. The allotment is expected to be finalized on Feb 21, 2024, and the tentative listing date is Feb 23, 2024.

The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,35,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,70,000.

Interactive Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Sunflower Broking Private Limited will act as the market maker for this issue.

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Kalahridhaan Trendz Limited IPO Subscription Analysis And Details
Retail
10.36x
Total
8.59x
As onQIB / NIIRetailTotal
Shares Offered / Reserved23,73,00023,73,00047,46,000
Day 1 15-02-24 06:00 PM
0.20 x1.32 x0.76 x
Day 2 16-02-24 06:00 PM
1.11 x2.46 x1.78 x
Day 3 19-02-24 06:00 PM
1.82 x4.46 x3.14 x
Day 4 20-02-24 06:00 PM
6.82 x10.36 x8.59 x
Total No of Applications
7,618
Kalahridhaan Trendz Limited Valuations
EPS Pre IPO ₹5.46/-
EPS Post IPO ₹5.57/-
P/E Pre IPO 8.24
P/E Post IPO 8/08
ROE 42.09%
ROCE 17.39%
Debt/Equity 3.19
RoNW 36.75%
Price to Book Value 1.51
Kalahridhaan Trendz Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets10,962.5510,297.945,979.36
Revenue18,417.0118,390.4613,235.91
Profit After Tax666.01246.20110.54
Net Worth1,202.78536.77290.56
Reserves & Surplus1,202.78536.77290.56
Total Borrowing6,105.335,249.903,145.56
About Kalahridhaan Trendz Limited Company

Kalahridhaan Trendz Limited Company was established in 2016. The company specializes in fabric dyeing and processing.

Manufacturing and trading of fabrics with embroidery, trading of grey fabrics, buying of grey fabrics, and printing and dyeing of suiting, shirting and dress fabrics for sale in the B2B market

The two divisions in the company are:
Embroidery and knitting
Dyeing and printing of cloths

The company's manufacturing facility is at Ahmedabad, Gujrat with 1.00 lakh metres/day production capacity.

As on 31 December, 2023, the company had permanent employees of 12 in various departments of the company.

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Kalahridhaan Trendz Limited - Promoter(s)

Niranjan Agarwal

Aditya Agarwal

Sunitadevi Agarwal

Pre Issue Share Holding : 96.22%

Post Issue Share Holding : 68.24%

Kalahridhaan Trendz Limited IPO - Issue Objectives
1

Working capital requirement

2

General Corporate Purpose

3

Meeting Public Issue Expenses.

Kalahridhaan Trendz Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Kalahridhaan Trendz Limited5.46N/A29.748.2436.751.51Standalone
Spl Industries Ltd.8.22N/A64.649.0312.721.15Standalone
Kitex Garments Ltd.8.94N/A136.0726.086.651.71Standalone
Monte Carlo Fashions Ltd64.03N/A374.6710.8417.091.85Standalone

Notes:

  1. Considering the nature and size of the business of Kalahridhaan Trendz Limited, the peers are not strictly comparable. However, the above companies are included for broad comparison.
  2. CMP of the peer group is as per the closing price available on NSE as on January 31, 2024.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
  4. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
  5. The P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on March 31, 2023, sourced from the Stock Exchange website and divided by the Basic/Diluted EPS as applicable.
  6. RoNW is computed as net profit after tax, attributable to the owners of the Company, divided by closing net worth.
Contact Details

Kalahridhaan Trendz Limited

57 Ashra Industrial Estate, B/H Mahalaxmi Fabrics, Nr. Narol Cross Road, Ahmedabad - 382405

+91 6353302166

cs@kalahridhaan.com

http://www.kalahridhaan.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html